Page 67 - Latest Updates on Inflation
Gold risks collapse into bear market as Federal Reserve targets inflation
Bullion's extended retreat -- with prices on course for a sixth consecutive monthly drop in September -- has driven prices close to bear-market territory
 "Gold risks collapse into bear market as Federal Reserve targets inflation")
Sensex ends choppy day 337pts down; Nifty atop 17,600; banks dip, FMCG gain
CLOSING BELL: Sectorally, indices ended mixed with the Nifty FMCG index rising over 1 per cent, while the Nifty Bank, and Financial Services indices falling up to 1.4 per cent each
 "Sensex ends choppy day 337pts down; Nifty atop 17,600; banks dip, FMCG gain")
Bank of England poised for another big interest rate hike amid inflation
Britain's central bank is under pressure make another big interest rate hike Thursday, with inflation outpacing other major economies
 "Bank of England poised for another big interest rate hike amid inflation")
Amid economic crisis, Sri Lanka's inflation rate jumps to 70.2%
Amid the worst-ever economic crisis since the country gained independence in 1948, Sri Lanka's inflation rate jumped to 70.2 per cent in August, official data revealed on Thursday.
 "Amid economic crisis, Sri Lanka's inflation rate jumps to 70.2%")
Fallen Rajapaksas back Wickremesinghe as Lanka's creditors seek answers
Much has changed since demonstrators drove Gotabaya Rajapaksa from office in July, the climax of months of protests after record-high inflation and depleted currency reserves bankrupted the nation
 "Fallen Rajapaksas back Wickremesinghe as Lanka's creditors seek answers")
Gap widens between US, India on interest rate hikes since pandemic low
US has hiked rates by 75 basis points on Wednesday to help keep inflation in check
 "Gap widens between US, India on interest rate hikes since pandemic low")
ADB cuts FY23 GDP forecast for India to 7% citing sluggish global demand
Earlier forecast was 7.2%; institution says high inflation is another growth hurdle, cut FY24 forecast to 7.2% from 7.8%
 "ADB cuts FY23 GDP forecast for India to 7% citing sluggish global demand")
'Investors are building all data points into their market assessment'
Ajay Argal of Franklin Templeton believes that any change in stance to lower the pace or the quantum of rate hikes could provide an interim positive trigger for the markets.
 "'Investors are building all data points into their market assessment'")
High inflation in sight, Fed to signal more rate hikes ahead: Powell
Jerome Powell speaking at an economic conference in Jackson Hole, warned: The Fed's drive to curb inflation by aggressively raising interest rates would bring some pain for Americans.
 "High inflation in sight, Fed to signal more rate hikes ahead: Powell")
Indian govt 'in no hurry' on medium-term inflation target: Report
India's government is in no hurry to push inflation, now hovering near 7% and eight-year highs, back to the central bank's 4% medium-term target for fear that aggressive rate hikes could hurt growth
 "Indian govt 'in no hurry' on medium-term inflation target: Report")
TMS Ep264: End of pandemic, Apple, global equities, Goldilocks scenario
Is the end of the pandemic in sight for India? What is the significance of Apple's 'Make in India' push? Is it time to diversify to global equities? What is Goldilocks scenario? All answers here
 "TMS Ep264: End of pandemic, Apple, global equities, Goldilocks scenario")
What is Goldilocks scenario?
The US Fed is unlikely to breathe easy till the inflation is brought under control. It wants to pull-off a return to 'Goldilocks' while steering clear of recession. What is the Goldilocks scenario?
 "What is Goldilocks scenario?")
Time to diversify to global equities as central banks frontload rate hikes?
Though the recent rally in domestic equities has turned the markets expensive relative to peers, analysts still suggest investors focus on Indian equity markets
 "Time to diversify to global equities as central banks frontload rate hikes?")
Slowdown in West, on balance, would be positive for India: CEA Nageswaran
'Signs are very encouraging' are for the Indian economy, he says in an interview
 "Slowdown in West, on balance, would be positive for India: CEA Nageswaran")
Wall Street drops 1% with all eyes on Fed policy decision on Wednesday
The benchmark US 10-year Treasury yield hit 3.58%, its highest level since April 2011; Ford sees additional $1 bn in inflationary costs, shares fall
 "Wall Street drops 1% with all eyes on Fed policy decision on Wednesday")
Gold prices slip on strong dollar as markets await big Fed rate-hike
Spot gold fell 0.5% to $1,667.33 per ounce by 1224 GMT, snapping two consecutive sessions of gains.
Companies should brace for continued or higher inflation: HUL CEO Mehta
Businesses need to be prepared for possibilities of a continued or higher inflation and deflation of commodity prices in next 2-3 years, Hindustan Unilever CEO and MD Sanjiv Mehta said
 "Companies should brace for continued or higher inflation: HUL CEO Mehta")
World stocks muted, Sweden kicks off salvo of central banks' rate hikes
Sweden's central bank hiked rates by a greater than expected full percentage point on Tuesday and warned of more to come.
 "World stocks muted, Sweden kicks off salvo of central banks' rate hikes")
Does a ban on commodities futures trading help govt solve inflation woes?
Futures trading in commodities has been banned at the drop of a hat despite numerous past committees and panels finding no direct linkage between such trading and price rise
 "Does a ban on commodities futures trading help govt solve inflation woes?")
Indians optimistic on growth outlook amid high inflation: EY study
They are shifting to new brands in search for value, says multi-nation survey
 "Indians optimistic on growth outlook amid high inflation: EY study")